EYAL NACHUM

1. One of the world’s leading Fintech gurus is Eyal Nachum. Please go to https://bitrebels.com/technology/eyal- nachum-spotlight-tech-industry to read a fantastic article on Eyal Nachum In the Spotlight of the Tech Industry. Below is an article that will give you great details on banking and Fintech. What is Fintech? Fintech is short for financial technology. Fintech is a broad term that includes a variety of technologies and practices that are involved in the current market of finance. For example, the basic idea of financial services is to provide financial services to a consumer without their having to pay any upfront fees or charges and this would include use of the Internet or mobile phones as an example. Currently, the financial markets are experiencing a huge growth as the world economy has been facing serious difficulties. This is because of the global economic crisis, which has affected many countries. This crisis has also affected the world currency and people have started to search for alternative ways to solve this crisis. This has led to the biotech industry that has become the solution for a number of industries, which is becoming more popular and widely used by a lot of people in their daily lives. As the market has expanded, so has the number of Fintech companies. A number of companies are coming up in the field of fintech and are providing various kinds of services to clients. These include service providers who provide online or mobile banking and other services. There are also companies who provide software to help with various things in the financial world. Lastly, there are companies who provide virtual accounts to customers. All these companies have made the current financial market as vibrant as it is. The innovations in the field of fintech will definitely affect the way in which people approach financial services, making them cheaper and convenient at the same time. Banking fintech has been defined as the emerging trend of digital banking. The new technology is expected to give an enormous boost to the economic growth of countries like the United States. You can easily get a grasp of the evolution of the emerging trend by reading this informative article. As the economic growth has been slow for a long time, this technical and technological change has given rise to an enormous development in the banking sector. With the rapid change in the financial technology there has been a continuous increase in the business of financial institutions. The emergence of banking fintech has provided the opportunity to bank on your desires. With the tremendous growth of banks which are generally in the form of automated business, this has encouraged more individuals and Eyal Nachum small businesses to provide a financial solution to their requirements. The business of banking fintech has also given an ample opportunity to the individuals to earn more revenue by providing the services of their own businesses. Financial technologies like new payment methods like plastic cards and internet banking are becoming the most popular tools in establishing online banking. At present, people are highly interested in the development of electronic transactions. People of all ages, irrespective of the location and age group are now more interested in banking. Financial institutions have been able to capitalize on this interest, as they have made available the online banking facility. Hence, banks have initiated innovative schemes like cheque book for online payments. Internet banking has become a new phenomenon. As the internet has become an indispensable medium for connecting with friends and relatives, the internet banking has also taken a gigantic leap. You can easily find this service on the internet or at any bank branch. With a greater number of people applying for banking services, banks are increasing their expectations from the customers. They have taken the idea of providing better services to customers and this has contributed to the phenomenal growth of the banking industry. One of the fundamental reasons for the emergence of banking fintech is the competition between banks. The greater number of banks offering better services are being felt in the market. As the competition among banks has increased the cost of services has also increased. Banks are now coming up with new financial solutions and services, which will satisfy the demands of their customers. This has greatly benefited the customers and the service providers. Banking fintech is a great boon for the customers and has created a new era in the banking industry.

2. The banking fintech has introduced many financial innovations which have brought about a great revolution in the banking industry. With the presence of new technologies in the banking world, the banks are striving to bring in other advanced technologies for their customers. As a result, the banking companies are working to provide greater comfort to their customers and are trying to provide the best services. Financial institutions are now providing facility for electronic transaction. Apart from this, the banks are using technology for customer care. Thus, it can be stated that banking fintech has created a major revolution in the industry and has given a lot of impetus to the financial institutions and their customers.